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HRW, SRW wheat futures post nine-year highs as Australia rain stirs supply concerns, corn and soybeans also higher.
The SRW CCI rating is now below the five-year average for the first time this fall.
Build Back Better, big import tariffs still exist, $27 billion for conservation efforts, announcement on RFS mandates still held up by EPA – these and many more topics discussed by Chip Flory and Jim Wiesemeyer...
Wheat inspections were below expectations, while corn and soybean figures fell within the range of pre-report estimates.
Winter wheat futures climb to nine-year highs overnight on global supply concern, corn and soybeans also firmer.
Wheat futures are sharply higher with corn and soybeans higher on spillover support. Fed cattle and lean hog futures are off to a higher start to the week, as well…